Before the merger announcement, Tapestry’s market value was more than double that of Capri. Currently, Tapestry’s market value is over five times larger.

During the reporting period, Capri Holdings’ total sales revenue was $1.08 billion, reflecting a 16.4% decline compared to the previous year at both reported and constant currency rates.

During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.